trending Market Intelligence /marketintelligence/en/news-insights/trending/uNQ_cdGYTRNwRiOJ8l4jMQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Israel Discount Bank Q4'18 profit declines YOY

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Israel Discount Bank Q4'18 profit declines YOY

Israel Discount Bank Ltd. reported fourth-quarter 2018 consolidated net profit attributable to shareholders of 324 million Israeli shekels, compared to 371 million shekels in the same period a year earlier.

Net interest income increased year over year to 1.42 billion shekels from 1.30 billion shekels. Commissions income amounted to 732 million shekels, up from the reclassified 685 million shekels in the fourth quarter of 2017. Noninterest financing income also increased on a yearly basis, to 177 million shekels from 94 million shekels.

The Israeli lender booked credit loss expenses of 176 million shekels, higher than the 31 million shekels incurred a year ago. Total operating and other expenses for the quarter climbed to 1.71 billion shekels from 1.48 billion shekels a year ago.

For full year 2018, the Tel Aviv-based bank's attributable profit totaled 1.51 billion shekels, up from 1.26 billion shekels a year ago. EPS amounted to 1.29 shekels, compared to 1.09 shekels in 2017. Return on equity for the period was 9.3%, compared to the year-ago 8.4%.

As of Dec. 31, 2018, the lender's common equity Tier 1 ratio stood at 10.24%, compared to 10.0% a year earlier. The total capital ratio was 13.67% as of 2018-end, compared to 13.92% at the end of 2017.

Israel Discount Bank's board of directors decided to distribute a dividend at the rate of 15% of its fourth-quarter profit, equivalent to 48.6 million shekels, comprising approximately 4.18 agorot per ordinary share. The lender noted that the board's decision to increase the dividend rate to 15% from 10% of the quarter's profits, beginning from the fourth quarter of 2018, was due to the "consistent" and "continuous" improvement in the bank's results.

As of March 8, US$1 was equivalent to 3.63 Israeli shekels.